Kafelaku Coffee (HKG:1869) expects an attributable loss of at least HK$40 million for the year 2024, compared with an attributable profit of HK$8 million a year prior, a Thursday filing with the Hong Kong bourse said.
The restaurant operator attributed the anticipated swing to loss mainly to a lower revenue, the absence of a one-off gain on the deconsolidation of a unit as seen in the previous year, and a share-based compensation expense.
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